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Commercial Real Estate for Sale at 16812 Madison Avenue in Lakewood, OH for $699,900

Listing data last changed 08/27/2025 - 6:09pm
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16812 Madison Avenue | Lakewood

$699,900 | 0.0 Sq. Ft.

Investor Opportunity in Lakewood! This solid brick multi unit property 9,363 sqft and $7,619 in monthly income delivers lasting stability and strong curb appeal. It features 11 one bedroom one bath units most with a living room, dining room and balcony. Select units highlight original hardwood flooring, while others include carpet or ceramic tile, offering both durability and variety. Walkable to the many shops, restaurants and bars throughout Lakewood along with the Metroparks Rocky River Valley. The location offers direct access to I-90, the Cleveland Lakefront Shoreway via Clifton Boulevard ensuring excellent regional connectivity. Public transit further enhances accessibility with RTA Bus Route 25 running in front of the property connecting with the Redline train the the airport, downtown and University Circle. With Lakewood\u2019s proven rental demand and strong occupancy rates, this property represents a reliable addition to any portfolio, with immediate income and long term growth potential. MLSNow 5151332 Directions to property: W of Madison Ave.

MLS Listing ID: 
MLSNow 5151332
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$699,900
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Lakewood
Address: 
16812 Madison Avenue, Lakewood, OH 44107
County: 
Cuyahoga
Latitude: 
41.4777800
Longitude: 
-81.8145300
Directions: 
W of Madison Ave.
Public Remarks: 
Investor Opportunity in Lakewood! This solid brick multi unit property 9,363 sqft and $7,619 in monthly income delivers lasting stability and strong curb appeal. It features 11 one bedroom one bath units most with a living room, dining room and balcony. Select units highlight original hardwood flooring, while others include carpet or ceramic tile, offering both durability and variety. Walkable to the many shops, restaurants and bars throughout Lakewood along with the Metroparks Rocky River Valley. The location offers direct access to I-90, the Cleveland Lakefront Shoreway via Clifton Boulevard ensuring excellent regional connectivity. Public transit further enhances accessibility with RTA Bus Route 25 running in front of the property connecting with the Redline train the the airport, downtown and University Circle. With Lakewood\u2019s proven rental demand and strong occupancy rates, this property represents a reliable addition to any portfolio, with immediate income and long term growth potential.
Community Information
School District: 
Lakewood CSD (Cuyahoga)- 1817
Subdivision: 
Mathews \u0026 Gilberts 03
Building Details
Details about the building on a property.
Year Built: 
1923
Living Area: 
0.0
Basement: 
Partial,Walk-Out Access
Construction
Roof: 
Composition,Flat
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Hot Water,Steam
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.14
Lot Size (Area): 
0.14
Lot Features
Parking Type: 
No Garage,On Street
Total Parking Spaces: 
0
Fence: 
Back Yard,Chain Link
Public Record
Parcel Number: 
313-21-023
Annual Tax: 
$25,114.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Progressive Urban Real Estate Co

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